Australia and Oceania: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Australia and Oceania

The non-combined refrigerator-freezer market in Australia and Oceania surged to $X in 2022, picking up by 27% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.9% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Combined Refrigerator-Freezer Production in Australia and Oceania

In value terms, non-combined refrigerator-freezer production expanded markedly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 61%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Non-Combined Refrigerator-Freezer Exports

Exports in Australia and Oceania

In 2022, approx. X units of household refrigerators and freezers (not combined) were exported in Australia and Oceania; increasing by 2.5% against the previous year. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 176%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-combined refrigerator-freezer exports expanded markedly to $X in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units) and New Zealand (X units) prevails in exports structure, together constituting 87% of total exports. It was distantly followed by Fiji (X units), creating an 8.5% share of total exports. The following exporters - Micronesia (X units) and New Caledonia (X units) - each reached a 3.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for New Caledonia (with a CAGR of +19.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) constituted the countries with the highest levels of exports in 2022, with a combined 98% share of total exports. New Caledonia and Micronesia lagged somewhat behind, together comprising a further 1.9%.

Among the main exporting countries, New Caledonia, with a CAGR of +16.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, rising by 8.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 138% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while Micronesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Non-Combined Refrigerator-Freezer Imports

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in supplies from abroad of household refrigerators and freezers (not combined), which increased by 19% to X units in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.1% against 2015 indices. The growth pace was the most rapid in 2020 when imports increased by 21%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, non-combined refrigerator-freezer imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the main importer of household refrigerators and freezers (not combined) in Australia and Oceania, with the volume of imports accounting for X units, which was near 77% of total imports in 2022. It was distantly followed by New Zealand (X units), achieving a 14% share of total imports. Fiji (X units) and Papua New Guinea (X units) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +5.2% from 2012 to 2022. At the same time, Fiji (+10.8%) and New Zealand (+7.2%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.8% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. While the share of New Zealand (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported household refrigerators and freezers (not combined) in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports. It was followed by Fiji, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +7.9%. In the other countries, the average annual rates were as follows: New Zealand (+9.5% per year) and Fiji (+10.4% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, picking up by 8% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 when the import price increased by 24% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Fiji ($X per unit) and New Zealand ($X per unit), while Papua New Guinea ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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